Historically, the price of Ethereum has been very bullish in the first quarter of this year, with a few exceptions, and March is no different from the first two months of this year. So, as the market heads into another month of March, this report takes a look at Ethereum’s performance this month and whether this past performance can point us towards where the second-largest cryptocurrency by market capitalization could be heading.
Ethereum has a bullish month, but there is a “but”
According to historical data from the CryptoRank website, March was one of the most bullish months in history. Since the start of 2015, only January and May have had higher average returns than March.
Looking at the number of years that March ended in green, this is matched only by January and February. Simply put, March has historically been one of the best months for investors holding ETH. In that case, there is a good chance that this month will also end in green.
As the website shows, over the past 10 years, Ethereum has only had three years of March ending in the red. Considering monthly returns, Ethereum averaged 23.7% in March.
However, problems arise because the first three months of the year often run in parallel. The divergence has only been in the last few years, and given the trends that have started 2026, Ethereum price could be in trouble.
Despite high average returns, January and February 2026 both ended in the red. The former fell 17.7%, while the latter plummeted 19.6%. If this trend continues historically, it will only increase the likelihood that March will end in the red.
It is too early to tell where prices will end, but there is already a lot of uncertainty. This is because ETH continues to avoid the $2,000 level and there are no signs that a rise is imminent. If January and February continue, Ethereum price could see a double-digit crash.
Featured image from Dall.E, chart from TradingView.com
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